HL Economics

What I learned in the Debate

1.) Globalization has environmental implications.
2.) Globalization can lessen cultural identity.
3.) Protectionism wastes money on inefficient companies that raise prices overall, whereas Free Trade allows lower prices and the money used for subsidies can be used for services for the poor (opportunity costs).
4.) Large international companies create jobs all over the world, and have to capacity to employ more laborers than domestic companies.
5.) Variety of goods in the main consumer incentive for globalization.